What would Henry Ford call Barack Obama concerning the U.S. Economic Collapse and the Democratic Minimum Wage Scheme to Get Voters to Vote for the Progressive Socialist Democratic Party Clinton Holder Gore Obama Pelosi Reid

“What would Henry Ford call Barack Obama concerning the U.S. Economic Collapse and the Democratic Minimum Wage Scheme to Get Voters to Vote for the Progressive Socialist Democratic Party Clinton Holder Gore Obama Pelosi Reid 

In 1913, turnover reached an unbelievable 370 percent, and Ford hired more than 50,000 people to maintain an average labor force of about 13,600. When profits swelled, he paid well for labor, creating an uproar when he doubled the basic wage to $ 5.00 a day, which triggered a virtual stampede of job seekers. Paying higher wages for labor was not altruistic in Ford’s eyes. Moreover, it wasn’t simply that Ford was trying to pay his workers “enough to buy back the product,” although he did preach a high-wage doctrine after the stock market crash in 1929. Rather, paying relatively high wages was, for Ford, a matter of smart business. He regarded well-paid skilled workers as important as high-grade material. By paying workers well, he effectively lowered his costs because higher wages reduced turnover and the need for constant training of new hires. (At the time, the newspapers saw Ford’s wage increase as an extraordinary gesture of goodwill.)”

“With his wage policy, Ford also fired a shot across the bow of Roosevelt’s New Deal, which he vehemently opposed, believing that higher wages and less restriction on business, and not higher taxes, would benefit the country. Unlike the other automakers, Ford refused to go along with Roosevelt’s “Blue Eagle” campaign, an insignia for goods manufactured by companies that supported the administration’s economic and wage policies. 

An enraged Ford blustered, “Hell, that Roosevelt buzzard! I wouldn’t put that on my car!” Rather than embrace the National Recovery Administration (NRA) and the New Deal, which Ford dismissed as “these alphabet schemes,” he preached that American businesses should “take hold of their industries and run them with good, sound, American business sense.” Ford, perhaps more than any other industrialist opponent of the New Deal, could take such a public stand with confidence: Nobody could accuse him of hiding behind empty rhetoric, since he had voluntarily raised his workers’ wages amid the ravages of the Great Depression. It wasn’t a matter of his personal greed, or indifference to the plight of his employees; Ford really did believe that the Roosevelt Administration was overstepping the proper bounds of the federal government.”

“Ford extended his production metaphors to the “economic machinery” of the country, believing it wisest to make improvements when things were going well, rather than waiting for a breakdown, and warned against seeing “depressions as unpreventable epidemics…”As Ford observed, “The seeds of bad times are in the mistakes which we make in the good times. Yet in the good times no one wants to hear of the mistakes we may be making. The policy then is to ‘get while the getting is good’.” The economic machine breaks , Ford believed, “because of our ignorance of all the natural laws which regulate economic health,” our mistaken belief that business ‘can run only so long without smashing.’”